Mixed-Use Building with Retail and
199 Main Street Falmouth, MA 02540
199 Main Street, Falmouth, MA, 02540
$5,250,000
For Sale
$5,250,000
Downtown mixed-use building with multiple retail bays and a renovated 3BR/2BA unit above.
Property Size9,600 SF
Price / SF$546.88
Days on Market43
Property Features for 199 Main Street
General Information
- Standard status
- Active
- Size
- 9,600 SF
Building Details
- Year Built
- 1980
Listing Agency
Premier Commercial
Listed by
Michael S Valentine
Source
413realestate
Added: Jun 5 Checked: Jul 17 at 2:54 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Premier Commercial
Investment Insights
Based on property information with market context.
This mixed-use property includes approximately 9,600 sq. ft. of retail/commercial space and a renovated 1,500 sq. ft. 3BR/2BA apartment above. The commercial portion is divided into three spaces of approximately 1,600 sq. ft., 4,500 sq. ft., and 3,500 sq. ft., and each space has a full basement that provides storage and utility area not included in the stated square footage.
The building is located directly on Main Street in downtown Falmouth. Parking includes five to six dedicated spaces, plus abundant street parking and a municipal parking lot one block away, supporting convenient access for customers, tenants, and guests. The area is described as active year-round, with nearby shops and restaurants, and the property is minutes to area beaches, ferries, and marinas.
For investors or owner-users, the layout supports leasing flexibility across multiple retail/commercial spaces while keeping a fully renovated apartment on the upper level. The on-site basements add practical storage for retail operations, and the combination of dedicated and nearby public parking helps reduce friction for foot traffic throughout the day.
The building is located directly on Main Street in downtown Falmouth. Parking includes five to six dedicated spaces, plus abundant street parking and a municipal parking lot one block away, supporting convenient access for customers, tenants, and guests. The area is described as active year-round, with nearby shops and restaurants, and the property is minutes to area beaches, ferries, and marinas.
For investors or owner-users, the layout supports leasing flexibility across multiple retail/commercial spaces while keeping a fully renovated apartment on the upper level. The on-site basements add practical storage for retail operations, and the combination of dedicated and nearby public parking helps reduce friction for foot traffic throughout the day.
Key Highlights
- Mixed‑use downtown Falmouth property on Main Street with approximately 9,600 SF total retail/commercial plus a renovated 1,500 SF 3BR/2BA apartment above.
- Three retail/commercial spaces totaling approximately 1,600 SF, 4,500 SF, and 3,500 SF, each with a full basement for storage and utility space.
- Apartment unit: 1,500 SF 3BR/2BA located above the retail spaces.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $288.0k | $30.00 |
| − Vacancy | −$6.3k | −$0.66 |
| EGI | $281.7k | $29.34 |
| − OpEx | −$84.5k | −$8.80 |
| NOI | $197.2k | $20.54 |
9,600 SF · lease $30.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.82M
$2.46M – $3.29M
NOI $197,165 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$2.75M
$2.40M – $3.21M
NOI $192,367 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$3.91M
$3.42M – $4.56M
NOI $273,844 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Green Eyed Daisy
Clothing & Fashion Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Downtown mixed-use building with multiple retail bays and a renovated 3BR/2BA unit above.
Where is this mixed-use property located?
The property is located at 199 Main Street Falmouth, MA.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: Mixed‑use downtown Falmouth property on Main Street with approximately 9,600 SF total retail/commercial plus a renovated 1,500 SF 3BR/2BA apartment above.; Three retail/commercial spaces totaling approximately 1,600 SF, 4,500 SF, and 3,500 SF, each with a full basement for storage and utility space.; Apartment unit: 1,500 SF 3BR/2BA located above the retail spaces.
